Internet Sales Tax

Internet Sales Tax
5:15 pm
Mon November 26, 2012

Wash. Congressman Doubts Lame Duck Cyber Sales Tax Vote

The Washington Department of Revenue estimates state and local tax coffers will miss out on $1 billion over the next two years due to Internet sales.
Credit Gflores / Wikimedia Commons

Cyber Monday was expected to generate $1.5 billion in Internet sales nationwide. That’s great for online retailers, but not so good for tax coffers in states like Washington and Idaho. That’s because many cyber retailers still don’t collect sales tax. And Congress is unlikely to close that loophole anytime soon.

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